Founded in August 2007, Kaushalya Logistics Limited provides clearing and forwarding services to a leading cement company in India. The company also distributes electronics and home appliances through an online e-commerce platform. In FY 2022-23, the company entered into the commercial real estate leasing business. The company offers the following services:

Logistics & Transportation – The company provides customised services to cement companies including multimodal transportation, pick-up, packing, delivery, distribution and full documentation.
Land transportation – This service includes the transportation of the customer’s goods by land. The company receives the goods shipped by rail from the cement companies and organises the local transport to the warehouses.
Warehousing and distribution – The warehouses used by Kaushalya Logistics are owned or rented by the customers. The company offers complete warehousing solutions, from creating invoices and delivery bills via the customer’s ERP system to organising transportation for delivery to distributors through third-party providers. The company takes full responsibility for door-to-door delivery, i.e. it collects the consignment from the shipper and delivers it to the consignee.

The company offers its services in Tamil Nadu, Kerala, Karnataka, Bihar and Rajasthan and has its head office in New Delhi and a regional office in Chennai.

Kaushalya Logistics IPO Details

IPO Date December 29, 2023 to January 3, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹71 to ₹75 per share
Lot Size 1600 Shares
Total Issue Size 5,050,000 shares
(aggregating up to ₹37.88 Cr)
Fresh Issue 3,550,000 shares
(aggregating up to ₹26.63 Cr)
Offer for Sale 1,500,000 shares of ₹10
(aggregating up to ₹11.25 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 15,100,000
Share holding post issue 18,700,000
Market Maker portion 254,000 shares


Kaushalya Logistics IPO Timeline (Tentative Schedule)

Kaushalya Logistics IPO opens on December 29, 2023, and closes on January 3, 2024.

IPO Open Date Friday, December 29, 2023
IPO Close Date Wednesday, January 3, 2024
Basis of Allotment Thursday, January 4, 2024
Initiation of Refunds Friday, January 5, 2024
Credit of Shares to Demat Friday, January 5, 2024
Listing Date Monday, January 8, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 3, 2024


Kaushalya Logistics IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹120,000
Retail (Max) 1 1600 ₹120,000
HNI (Min) 2 3,200 ₹240,000


Kaushalya Logistics IPO Promoter Holding

Uddhav Poddar is the Promoter of the company.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 72.98%


Kaushalya Logistics Limited Financial Information (Restated Consolidated)

Kaushalya Logistics Limited’s revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 14,069.86 6,493.87 3,276.49
Revenue 63,216.41 6,358.92 3,328.40
Profit After Tax 705.87 376.61 299.69
Net Worth 1,933.64 1,226.62 849.60
Reserves and Surplus 1,918.64 1,211.62 834.60
Total Borrowing 3,213.34 2,476.88 1,070.36
Amount in ₹ Lakhs


Key Performance Indicator

KPI Values
ROE 4713.49%
ROCE 70.48%
EPS (Rs) 470.58
RoNW 36.50%

Objects of the Issue (Kaushalya Logistics IPO Objectives)

The company proposes to utilise the Net Proceeds for the following:

  • Repayment of Unsecured Loan
  • Funding of working capital requirements of the company;
  • General Corporate Purposes.